Investors appreciate the fact that NationGate is also accelerating its Penang-made AI servers globally with accelerators. These are aimed at lowering power consumption and reducing overall capital expenditure as well as addressing the specific needs of hyperscale environments.
The heightened investors’ interest could also stem from NationGate’s expansion plans. At end of Dec 2023, NationGate had some 2,000 employees.
By the end of June 2024, this number increased to around 3,000 employees, reflecting a 50% growth in its workforce to meet rising production demands and expansion plans.
Early December, it launched its latest AI servers catering to clients from start-ups to hyperscale data centres. The launch saw NationGate emerging as the first in Malaysia to manufacture the servers.
The servers will be powered by industry-leading graphics processing units (GPUs).
NationGateis an original equipment manufacturer partner to the industry-leading GPUs' manufacturer. It produces GPU servers and rack servers, the former of which feature NVIDIA HGX H100 module as well as Intel® 4th Gen Xeon® Scalable Processor.
With high expectations for the company to do well, it will be a great time to accumulate the stock.